PHILIPPINE

SEVEN
CORPORATION
ACCOUNTS PAYABLE
MANAGEMENT PROPOSAL

CONSOLIDATED BALANCE SHEETS

Total Assets

CONSOLIDATED BALANCE SHEETS

Total Liabilities

CONSOLIDATED BALANCE SHEETS

Total Liabilities and Equity

ACCOUNTS PAYABLE
MANAGEMENT PROPOSAL

CURRENT RATIO 2012

2013
2013 (present)

.84

.84

.75

12 %

small change

ACCOUNTS PAYABLE
MANAGEMENT PROPOSAL
Use of its idle assets:
Land
Abandoned warehouse
Equipment

ACCOUNTS PAYABLE
MANAGEMENT PROPOSAL
PAYABLE TURNOVER

ACCOUNTS PAYABLE
MANAGEMENT PROPOSAL
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
2012
Trade Payable

2013
P1,575,446,279

Utilities

71,354,276

Rent

58,097,685

Employee benefits

55,148,912
51,355,557

39,622,810

Advertising and promotions

14,531,473

13,487,060

Security services

Total

8,754,528

24,844,921

Bank charges

Others

22,772,206
37,844,609

Outsourced services

Interest

P1,077,213,586

3,375,831

1,947,803

3,361,310
3,860,300

1,522,329

46,682,215
P1,872,703,489

22,769,788
P1,261,289,989

Gradually make
payments with
those debts with
high interest
rates

Ascertaining
total corporates
debt (trade
payable)

Schedule
Payments
Make consistent
payments to
debts which are
not as high a
the others

Sorting the
debts from
highest to
lowest

CREDITORS:
1.
2.
3.

Unilever Philippines, Inc.

PMFTC Inc.
20%
San Miguel Foods, Inc.

35%

4.
5.
6.
7.
8.

Pepsi Cola Products Phil., Inc.11%

Coca Cola Bottles Phil., Inc. 8%
Universal Robina Corporation 7%
Nestle Phil.
4%
JT International Phil., Inc.
2%

13%

100%